Search found 406 matches

by hiddensee
Sun Feb 04, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 16481

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

The main reason to be very heavily in stocks at your age would be to leave more money to your heirs, and you don't have any.

But 50 is not that old, and you seem to have a lot of fixed income that just isn't called bonds, so your allocation probably is not that far from the recommended in reality.
by hiddensee
Fri Dec 29, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5834

Re: Is it me or does everything seem expensive?

Gold is only about 2/3 what it was at peak, and has flatlined for a few years.

People only get excited about gold when it is expensive.
by hiddensee
Thu Dec 28, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14420

Re: Another should i buy my dream porsche thread...

I would go second hand. But I think it is a reasonable purchase, if the car would make you happy. You are rich enough that you do not need more savings; more savings be a luxury consumption good for you and while they do it for some people cars do it for others. If you are going to get one sooner or...
by hiddensee
Tue Dec 19, 2017 9:13 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 20377

Re: Call the top! - Bitcoin

Bitcoin will either zero out (well it never quite will - it's a piece of history now - but close to it) or have no definite top, just as the stock market has no definite top. If Bitcoin can solve transaction problems, it has become one of the world's currencies, and one offering certain unique advan...
by hiddensee
Tue Dec 19, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 50
Views: 5295

Re: 100% equity folks- holding any cash/bonds now?

Regardless what the markets do, you should go 90/10 or even 80/20 permanently. You blinked, which means your real risk tolerance is a lot lower than 100/0.
by hiddensee
Tue Dec 05, 2017 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 3493

Re: Umbrella liability insurance policy to match portfolio size?

To use an imperfect analogy: if you were constructing a building at the seashore, would your seawall be the height of the largest wave (plus some margin), or the height of the building? Clearly what matters is the tallest wave you might encounter. As others have said, ANY size umbrella policy can b...
by hiddensee
Sun Oct 01, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications, US/UK 403b
Replies: 8
Views: 802

Re: Tax implications, US/UK 403b

Having posted this question and received an affirmative response, I now see that Roth IRA distributions do seem to be subject to the penalty if one is under 59.5 years old. You can withdraw the principal -- that is, the amount you converted or contributed -- from a Roth well before age 59.5, and wi...
by hiddensee
Sun Oct 01, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 5203

Re: For buying house: how do you know which schools are "good"?

School quality is one of the most overvalued consumer products of our age. The evidence suggests that relative quality of schooling is at most a minor factor in determining educational and other life outcomes. Measures supposedly of quality of school are overwhelmingly measuring the quality of the i...
by hiddensee
Fri Sep 29, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: 403(B) advisor advice to wife
Replies: 36
Views: 3573

Re: 403(B) advisor advice to wife

He seems to be making two suggestions. One is that you include some active management. He doesn't really give any reason. Another is that you include some more diversification into emerging markets. There are good arguments for that but why not with an emerging markets index funds? Recommending a ve...
by hiddensee
Fri Sep 29, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 34
Views: 14119

Re: Problems obtaining a free annual Equifax credit report online

The standard email system worked for me but took several days to a week without any confirmation that anything was going on.
by hiddensee
Fri Sep 29, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 29417

Re: I won the Lottery. Need sound advice.

I have about 215k in "bad debt" (credit cards, a 401k loan, car loans, student loans, etc.). My credit score is horrific. I'd like to wipe out all debt ASAP, except for maybe one of the car loans which is at 0.9%. I have about 325k left on my mortgage on a house worth about 400k. I have 20+ years r...
by hiddensee
Fri Sep 29, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications, US/UK 403b
Replies: 8
Views: 802

Re: Tax implications, US/UK 403b

Having posted this question and received an affirmative response, I now see that Roth IRA distributions do seem to be subject to the penalty if one is under 59.5 years old. I am in my 20s so this is rather useless for me! Since even the 15% tax bracket plus 10% penalty matches my marginal tax rate, ...
by hiddensee
Tue Sep 19, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

So telling them you are a non-resident alien will confuse them. But that is the terminology that Vanguard's own forms and website use, and I only called the call centre because the website said I could not proceed via the website because I am a non-resident alien - the exact words. How could I have...
by hiddensee
Tue Sep 19, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

galeno wrote:
Tue Sep 19, 2017 7:49 pm
Best: Use IB (Interactive Brokers). They handle USA-NRAs as well as US persons. Second best: Schwab.
Thank you.
by hiddensee
Tue Sep 19, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 12824

Re: The Magic of Savings Rate

People with high incomes can choose to barely save at all and still retire in comfort. What savings rate does someone with 500k earnings need to ensure they will have a nice retirement and remain in the top 10% of households, in absolute terms? 10%? 5%? Sure, their standard of living takes a hit, b...
by hiddensee
Tue Sep 19, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

Note on page 5 of 15, you can answer the question regarding your tax residency. Wait untill after you have met the requirement to file fome 1040. Also pay attention to the footnotes pertaining to NRA status under citizenship. Thank you. ... Is evading the clueless call centre and incomplete website...
by hiddensee
Tue Sep 19, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

If you still want to do business with Vanguard, you can open an account by mail. Here is the link of the PDF file https://www.vanguard.com/pdf/0015.pdf. Note on page 5 of 15, you can answer the question regarding your tax residency. Wait untill after you have met the requirement to file fome 1040. ...
by hiddensee
Tue Sep 19, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

I am in a somewhat similar situation. I have always assumed that the question pertains to one’s tax situation rather than one’s immigration status. I am new to all this and could easily be mistaken, so please take my opinion with a grain of salt. The question on the online form specifically asks fo...
by hiddensee
Tue Sep 19, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

You can invest in low-cost Vanguard (or other) ETFs at any brokerage. Try waiting until your tax situation is settled and then look for a brokerage that is willing to do business. Can you not get help from other H1Bers who have gone before you to see if there is a trick to this? As far as I know I ...
by hiddensee
Tue Sep 19, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

Just so there's no confusion a resident alien (aka green card) has been granted permanent residency but is not a citizen. They pay tax on all income. A non-resident alien has not been granted permanent residency but is here legally according to the terms of their visa. I do not know what "resident ...
by hiddensee
Tue Sep 19, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Re: Vanguard for non-resident aliens

You can invest in low-cost Vanguard (or other) ETFs at any brokerage. Try waiting until your tax situation is settled and then look for a brokerage that is willing to do business. Can you not get help from other H1Bers who have gone before you to see if there is a trick to this? As far as I know I ...
by hiddensee
Tue Sep 19, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6651

Re: Getting (young) kids interested in coding

I do not think it is a good idea to try to get people interested in programming. Provide the opportunity. If it's for them, nothing more will be needed. If it's not, exerting pressure will do no good and be resented in time.
by hiddensee
Tue Sep 19, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 65
Views: 13177

Re: 2018 Subaru Outback

It's never really a good financial option to buy a brand new car, but there's nothing wrong with the make and model if you need the volume and power.
by hiddensee
Tue Sep 19, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard for non-resident aliens
Replies: 24
Views: 4892

Vanguard for non-resident aliens

After a series of confused phone calls, Vanguard seems to have finally decided to reject my application to open an account on grounds that I am a non-resident alien in the US. First I would like to explain what this means, since the Vanguard reps didn't seem to understand even after it was explained...
by hiddensee
Thu Sep 14, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications, US/UK 403b
Replies: 8
Views: 802

Re: Tax implications, US/UK 403b

Possible? I believe Yes. This thread has the details of how I'm trying to manage something similar. Take care over the minimum holding period or age restrictions before withdrawing from the Roth IRA; there are some fiddly rules around this. As long as the UK continues to fully recognise the Roth yo...
by hiddensee
Thu Sep 14, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications, US/UK 403b
Replies: 8
Views: 802

Re: Tax implications, US/UK 403b

... I can then withdraw the entire balance of the Roth IRA to a UK bank account. Under the terms of the UK-US tax treaty there is no tax obligation in either country as Roth IRA is considered already taxed as income. ... Why not keep it in the Roth as long as possible, so the income and gains will ...
by hiddensee
Thu Aug 03, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications, US/UK 403b
Replies: 8
Views: 802

Tax implications, US/UK 403b

I am a British citizen living and working for 3 years in the US. In this time I expect to gain about $75k in a 403b account, ignoring investment returns/losses. I don't intend to get US citizenship or PR. Am I correct in thinking that I may do the following: Upon leaving my US employer and returning...
by hiddensee
Mon Jan 09, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 23840

Re: Best Financial Moves You've Made

Never get into debt, invest steadily in low cost index funds.
by hiddensee
Mon Jan 09, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 61495

Re: Do you really need 2.5 million to retire well?

Many couples live well on $48k/year, especially without house payments, so if you adjust your mental state to theirs you need $0 to retire well.
by hiddensee
Mon Jan 09, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 16596

Re: I'll never save a 20% down payment. Rent for life?

OP, You cannot afford to live in this area with your current income. This is independent of whether you buy or rent. You still get the same answer. So, instead of asking whether you should buy or rent, you should ask whether you should move to somewhere else or earn more money. KlangFool I would ag...
by hiddensee
Mon Jan 09, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7637

Re: What monetary value has your education provided you?

I firmly believe that, despite being necessary for my current well-paying job, my education has been of net negative value financially. If I had been dumped on the street at 16 I believe I would have started a business and probably be considerably richer today than I am now. Of course it is hard to ...
by hiddensee
Mon Apr 06, 2015 5:15 am
Forum: Investing - Theory, News & General
Topic: Why are Bonds expensive?
Replies: 24
Views: 3302

Re: Why are Bonds expensive?

World governments are buying large quantities of bonds in order to debase the currency, which is believed to reduce unemployment.
by hiddensee
Tue Mar 17, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 44164

Re: Tesla Motors Stock

You are right that the usable space isn't much different (to the Model S, in your example it's a bit superior of course), so perhaps spacious is the wrong word, but the Leaf is shorter and has a narrower wheelbase. The Leaf translates its footprint more efficiently into useful volume, but this makes...
by hiddensee
Sun Mar 15, 2015 10:37 am
Forum: Investing - Theory, News & General
Topic: Why the popularity of dividends? What's the counterargument?
Replies: 70
Views: 9858

Re: Why the popularity of dividends? What's the counterargum

They are assuming that market capitalisation is stable, which is sometimes true but often not, and can unpredictably become untrue very quickly. They are also assuming that dividend yield represents the profitability of the firm which is also not always true; some firms reinvest or hoard money, whil...
by hiddensee
Sun Mar 15, 2015 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 44164

Re: Tesla Motors Stock

I agree with you that a bet on electric cars that are competitive in an undistorted market is a bet on battery technology, but as far as I know Tesla doesn't hold game-changing patents on battery technology. Isn't it true that Musk, Tesla CEO, is working along with Panasonic to build a gigafactory ...
by hiddensee
Sat Mar 14, 2015 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 4216

Re: Should tilters recommend tilting to beginners?

I am not sure there is much room for experience in this game, when the length of one play is one's lifetime and little information gained during play has any predictive value. The decisions made on day 1 will determine a large part of the total outcome. The real question then is whether or not tilti...
by hiddensee
Sat Mar 14, 2015 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 44164

Re: Tesla Motors Stock

Investing in the Tesla that has bet its future on traditionally-styled, mid-market sedans is a political punt on favourable regulatory regimes in the US and other countries in the next few decades. It continues to be baffling why a bet like this interests Bogleheads. Can't speak for any other parti...
by hiddensee
Sat Mar 14, 2015 8:46 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 106243

Re: Mr. Money Mustache: Hero or Foolish?

He treats private retirement savings separately, and Canada has single payer healthcare. It is stated in the post that she would lose her government pension if she stopped working, but it's true that he doesn't estimate the implicit value of that. However this illustrates my point. Is the goal to ma...
by hiddensee
Sat Mar 14, 2015 7:51 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 106243

Re: Mr. Money Mustache: Hero or Foolish?

30 year bond returns will be lower in the next 30 years then in the last 30 years. That is a statement of fact that you can read from the yields. Talking about shorter term bonds is more difficult, but interest rates would have to go up really fast for future bond returns to look anything like the ...
by hiddensee
Sat Mar 14, 2015 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 44164

Re: Tesla Motors Stock

All the major car companies, in their 'wisdom' decided that when launching a new segment (EVs) to make the cars 'distinctive' because they realized that the best advertising, and best way to convince people the idea was viable, was for them to see a lot of the cars on the road. Tesla decided to mak...
by hiddensee
Tue Feb 17, 2015 7:20 am
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 148
Views: 37470

Re:

65: $1.5 million Per person, in today's dollars, including home equity in primary residence. This would be for someone hoping to support a ~$50K/year lifestyle per person. It wouldn't even require a taxable account. $1.5M average for 30M people between 60 and 70 exceeds the sum of total US stock ma...
by hiddensee
Sat Feb 14, 2015 2:47 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 106243

Re: Mr. Money Mustache: Hero or Foolish?

"And working a lot less is not is not shown in the Netherlands or Denmark v the US." I don't know how you came to this conclusion but the numbers say otherwise. I said hours worked per person in the workforce is often less (which is what your link says) but workforce participation is often higher, ...
by hiddensee
Mon Feb 09, 2015 6:34 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 106243

Re: Mr. Money Mustache: Hero or Foolish?

Regardless how much he earns , he doesn't spend more than the $25k, so I'm not sure why it matters how much is building up in the bank account. The most dishonest thing he does is to not count the imputed rent on the house he owns; he probably 'really' spends about $40k albeit with pretty low taxes...
by hiddensee
Mon Feb 09, 2015 2:23 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 106243

Re: Mr. Money Mustache: Hero or Foolish?

Did you read this thread? We've already debated this... It's quite obvious from his posts that he's living a lifestyle quite a bit higher than $25k/year... Not that I fault him... His blog makes a ton of money, and with the run-up in stock prices over the past 5 years, I'm sure his portfolio has do...
by hiddensee
Sat Jan 31, 2015 4:09 am
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 181
Views: 21062

Re: Dealing with pressure for "social donations" at work

All these pseudo Perry Masons. There is nothing illegal about what is going on at the OP's job. You know how I know? Because basically every large law firm has a similar scheme by which associates (some of whom are sporting well in the six figures of debt) are expected to give their assistants (who...
by hiddensee
Tue Jan 27, 2015 3:36 pm
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 11536

Re: "Its Time To End Financial Advisers 1% Fees"

Yes it can, but the incentive is still to maximise billable hours, i.e. add pointless complexity and churning, all of which will have additional frictional costs even if they are not paid to the advisor himself. If the client knows that this is Bad then he probably doesn't need the advisor to tell ...
by hiddensee
Tue Jan 27, 2015 10:31 am
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 11536

Re: "Its Time To End Financial Advisers 1% Fees"

I don't buy it and I don't agree. The more I learn about human nature, the more I realize that it is pure folly to expect the average American to successfully devise and execute a 75 year plan for financial success, including education, careers, marriage/divorce, kids, college savings, medical expe...
by hiddensee
Tue Jan 27, 2015 5:27 am
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 7026

Re: Get 17% in russian savings account?

Isn't the 17% just compensating (or not even) for high Russian inflation? Do Russian banks let you deposit dollars at the same interest rate?
by hiddensee
Mon Jan 26, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 11536

Re: "Its Time To End Financial Advisers 1% Fees"

I don't buy it and I don't agree. The more I learn about human nature, the more I realize that it is pure folly to expect the average American to successfully devise and execute a 75 year plan for financial success, including education, careers, marriage/divorce, kids, college savings, medical expe...